01-12-2013, 09:29 AM
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Choice is an Illusion
Industry Role:
Join Date: Feb 2005
Location: Land of Obama
Posts: 42,635
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Democrats urge Obama to bypass Congress
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WASHINGTON (Reuters) - Top Democratic senators urged President Barack Obama on Friday to be ready to raise the debt ceiling without congressional approval in order to avert a damaging debt default.
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Obama has vowed not to negotiate with Republicans on the debt ceiling.
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Some analysts and Democrats believe the 14th Amendment of the Constitution gives the president the authority to raise the $16.4 trillion debt ceiling unilaterally.
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